Tag Archives: CNBC Africa

“Real estate tax figures are not in tune with reality. The government would spend less time chasing people and make more money if the tax rates are reasonable and realistic. All these charges make it expensive to transact in real estate. Prices of real estate properties are high because of all the high tax charges” – Mr Chudi Ubosi, Principal ...

There is increasing concern over the rising number of vacant houses in the highbrow Ikoyi area of Lagos with a report estimating over 70 per cent of properties therein. What could be responsible for this? Why are the properties being abandoned?  A real estate developer and Chief Executive Officer of Sujimoto Construction, Mr. Sijibomi Ogundele, said the rise in the number ...

Jonathan Millard, Chief Operating Officer, Troloppe Property Services joins CNBC Africa to talk Lagos Real Estate Realities. According to the Central Bank of Nigeria, the Lagos real estate sector is valued at 45.6 US dollar billion, 8 per cent of Nigeria’s GDP. In the challenging business environment, the rapid changes in real estate in Lagos, present opportunities and risks for ...